Last night I tweeted and posted on my Facebook wall the Reuters story about departing New York Times Co. CEO Janet Robinson receiving a $15 million-plus exit package. My Facebook wall quickly filled with friends’ reactions:
Ahhh, finally a woman receiving a huge package upon departure.
Pretty amazing when you figure they are probably going to lay off some reporters because of this.
Some reporters? And designers, photogs and editors.
To paraphrase the line from “Broadcast News”: Well, I hope she dies soon.
And copy editors, and proofreaders and fact-checkers and interns. Holy crap.
Context – departing Gannett exec Craig Dubow’s severance/benefits was something like $37M. And he axed waaaay more journalism jobs than the NYT.
That is a lot of hush money. Somebody needs to find out what she’s being hushed up about.
after seeing so many of my friends lose jobs at our newspapers, its disgusting to read this.
Anyone recall the David Carr writeup in the Times a month ago, bemoaning the hefty bonuses for Gannett and Tribune Executives? David Carr in the NYTimes: http://nyti.ms/pNvtwY Robinson is getting much less, but still, quite a lot…
Reuters buried the lede — there’s been “an 80 percent decline in the Times Co.’s stock over her seven-year tenure as CEO.”
I’m still waiting for the day when someone puts me in charge of a big company, just so I can screw it up. I want a golden parachute like that, too. Sheesh.
Media companies will not begin to be truly successful until they shed this kind of mentality. The people that run the companies have to be “all in”. If the company loses, so do they.
So the Times pension pays their employees $389,257.71 for every year of service? Nice!
I guess that puts her in the 1 percent … or half-percent … or quarter-percent.
Great, how many jobs will this cost…
Where’s my multimillion-dollar buyout? Criminal.
News of Robinson’s severance agreement >comes< during the same week that a wave of buyouts hit the newsroom of the flagship New York Times and the company disclosed that it was in talks to sell 16 regional newspapers to Halifax Media Holdings. The news didn’t come or go anywhere: Her severance agreement was announced or disclosed by someone; that’s what happened. I see and hear this form of newswriting frequently, but I remember I was taught to “write what happened.” This writing isn’t what happened. Who teaches this writing?